DraftKings Inc. announced an agreement with Crypto.com | Derivatives North America ("Crypto.com"), a global cryptocurrency platform and CFTC-regulated derivatives exchange, to broaden the prediction markets available on DraftKings Predictions. The expansion marks the first player-specific sports event contracts offered on DraftKings Predictions for both the NFL and NBA, extends the platform's prediction markets offerings, and establishes the foundation for future categories, including politics. As part of this expansion, DraftKings Predictions adds breadth across sports prediction markets in the states where the product is available, spanning soccer, MMA, golf, boxing, tennis, and the Olympic Games, to complement the existing sports and financial markets provided by CME Group.
In addition to the wider scope of sports prediction markets, Crypto.com is expected to support DraftKings Predictions' introduction of new event contract categories, including culture, entertainment, and politics. Additionally, DraftKings Predictions will integrate Railbird Exchange in the coming months, further strengthening its offering. DraftKings Predictions allows eligible customers to make predictions through federally regulated event contracts, including sports event contracts in states such as California, Florida, Georgia, and Texas.
The platform also integrates DraftKings' Responsible Trading program with tools and resources available directly within the standalone app and at predictions. DraftKings also owns Jackpocket, the leading digital lottery courier app in the United States. DraftKings' daily fantasy sports product is available in 44 states, the District of Columbia and certain Canadian provinces.
DraftKings' wholly-owned subsidiary GUS III Inc. (d/b/a DraftKings Predictions) also operates DraftKings Predictions, a standalone app and web product offering federally regulated event contracts under CFTC oversight. DraftKings is both an official sports betting and daily fantasy partner of the NFL, NHL, PA TOUR, WNBA and UFC, as well as an official daily fantasy partner of NASCAR, an official sports betting partner of the NBA and an authorized gaming operator of MLB. In addition, DraftKings owns and operates DraftKings Network, a multi-platform content ecosystem.
DraftKings is committed to being a responsible steward of this new era in real-money gaming by developing and promoting educational opportunities.
